Monday 12/January/2026 – 10:00 AM
Price decline US dollar At the beginning of trading on Monday, after Federal Reserve Chairman Jerome Powell announced that the Department of Justice had sent subpoenas issued by a grand jury to the bank’s board of directors, threatening to file criminal charges related to his testimony he gave in June about the renovations of the headquarters.
The dollar fell globally amid concerns about the independence of the Federal Reserve
Powell noted that the threat of criminal charges stemmed from the bank setting interest rates based on its own assessment, rather than following President Trump’s directives.
These statements renew existing concerns about the independence of the Central Bank, at a time when Trump is seeking to choose a candidate to assume the presidency of the Federal Reserve to succeed Powell, whose term will end next May.
The dollar index – which measures the performance of the US currency against a basket of six major currencies – fell by 0.28% to 98.86 points.
The euro rose by 0.37% against the US currency at $1.168, and the British pound rose 0.3% to $1.344, while the greenback stabilized against its Japanese counterpart at 157.89 yen.
